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Main reasons for rejection of service tax return

   23 December 2015 at 17:08

This is to inform you that some returns got rejected after uploading of the XML file for the ST3 return period 2015-2016 Apr-Sep, mainly due to the following reasons.1. Incorrect selection of return type - whether it is ?Original? or ?Revised? retur

Posted in Service Tax  7 comments |   21708 Views


Accounting code for payment of Swachh Bharat cess

   17 November 2015 at 11:49

Circular No. 188/7/2015-STDated the 16th November, 2015 F. No. 354/129/2015-TRU (Pt.)Government of IndiaMinistry of FinanceDepartment of Revenue(Tax Research Unit)***Dated the 16th November, 2015.To Principal Chief Commissioners of Customs and Centra

Posted in Service Tax  6 comments |   33192 Views


Clarifications on Swachh Bharat Cess

   13 November 2015 at 10:40

Swachh Bharat Cess will come into effect from 15th November 2015, at the rate of 0.5% on all services, which are presently liable to service tax. This will translate into a tax of 50 paisa only on every one hundred rupees worth of taxable services. T

Posted in Service Tax  5 comments |   22425 Views


Indirect tax revenue sees a rise of 36.8% in October

   13 November 2015 at 10:40

Indirect Tax Revenue (Provisional) collections during October 2015 increased by 36.8% as compared with collections made in October 2014;Cumulatively, during April-October 2015, Indirect Tax Collections increased by 35.9% over the collections made dur

Posted in Service Tax |   10590 Views


Scheme for speedy grant of refund accumulated in cenvat credit

   13 November 2015 at 10:40

Scheme formulated for Speedy grant of refund of accumulated and unutilised CENVAT credit to help in ease of doing business by unlocking the accumulated credit. Exporters of services today accumulate CENVAT credit on both input services and input goo

Posted in Service Tax  2 comments |   9816 Views


Govt imposes 0.5% Swachh Bharat cess on all services from Nov 15

   06 November 2015 at 23:10

Government decides to impose a Swachh Brarat Cess at the rate of 0.5% on all serviceS presently liable to service tax, with effect from 15th November 2015; Proceeds from this cess to be exclusively used for Swachh Bharat initiatives Swachh Bharat Ce

Posted in Service Tax  5 comments |   19227 Views


Mere transfer of title in immovable property is exempted from Service Tax

   27 October 2015 at 10:17

In order to resolve a long standing issue relating to levy of Service Tax on sale of flats/dwellings etc. after issue of occupancy certificate but before issue of completion certificate in areas under the jurisdiction of Municipal Corporation of Grea

Posted in Service Tax  2 comments |   11973 Views


Claiming of medical expenditure for tax purposes made easy

   15 October 2015 at 10:57

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 14th October, 2015Subject: Claiming of medical expenditure for tax purposes made easy.One of the pillars of the of the taxation proposals included in t

Posted in Service Tax  4 comments |   14235 Views


Service tax levy on services provided by a Goods Transport Agency

   06 October 2015 at 10:50

Circular No.186/5/2015-ST F. No. 354 / 98 /20015-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs*****New Delhi, dated 5th October, 2015 To,Principal Chief Commissioner / Chief Commissioner of Ce

Posted in Service Tax  5 comments |   23982 Views


Indirect Tax Collections for Aug 15 increases by 36.7%

   10 September 2015 at 10:21

Indirect Tax Revenue (Provisional) Collections during Month of August 2015 Increased by 36.7% as Compared with August 2014 while, Overall Indirect Tax Collections During April-August 2015 Increased to Rs. 2,63,089 Crore from Rs. 1,92,677 Crore during

Posted in Service Tax  2 comments |   10452 Views